earnings
confidence high
sentiment negative
materiality 0.85
Host Hotels Q3 net income falls 25.7%; lowers full-year guidance on hurricane, Maui impacts
HOST HOTELS & RESORTS, INC.
2024-Q3 EPS reported
$0.84
revenue$4,256,000,000
- Q3 2024 net income $84M ($0.12 diluted EPS) down 25.7% YoY; revenue $1.32B up 8.6%.
- Comparable hotel Total RevPAR +3.1% to $328.86, RevPAR +0.8% to $206.21; group F&B drove growth.
- Adjusted EBITDAre $324M (-10.2%) as prior-year had $54M business interruption gains; none in Q3 2024.
- Full-year guidance cut: net income to $687M (-$25M), Adjusted EBITDAre to $1.63B (-$15M), EPS to $0.96.
- Hurricanes Helene/Milton closed Don CeSar; $15M estimated 2024 impact. Maui wildfires dragged RevPAR ~190 bps in Q3.